On the upside, Intercontinental Exchange, Inc. (NYSE:ICE) will test short term resistance at around $80.41. On a downside, the share price is likely to find some support, which begins at $78.39. The failure to get near-term support could push it to $77.67. Its 50 day simple moving average (SMA 50) price is $76.82 and its 200-day simple moving average (SMA 200) price is $74.57. The company’s stock currently has a total float of 559.16M shares. Its weekly volatility is hovering around 1.88% and felt 1.83% volatility in price over a month.
ICE stock has been range bound between the range of $78.96 and $78.96 during the whole day. The stock finished Tuesday at $79.12. The -2.48% downtrend forced its market value to reach at $44.72B. The price went up as high as $78.96 before retreating. Trading activity significantly improved as the volume at ready counter increased to 4,570,856 shares versus 3,211,380 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,660,399 shares. The stock is now 18.23% above against its bear-market low of $66.92 on February 09, 2018. It has retreated -4.46% since it’s 52-week high of $82.65 reached in December. Now the market price is up 10.15% on the year and up 12.13% YTD.
Separately, it has been reported that multiple insider activity took place at Intercontinental Exchange, Inc. (ICE). General Counsel Surdykowski Andrew J sold 1,200 shares for $36,820 in transaction occurred on 2018/11/26. After making this transaction, the General Counsel owns a direct stake of 96,168 shares, worth $2,913,198, as per the last closing price. On 2018/11/15 Wassersug Mark, COO at ICE, dumped 7,903 shares at an average price of $79.13 per share. The selling total is valued at $2,300,730.
CFO, Hill Scott A had divested 403 shares for $161,123 through a trade on 2018/11/15. Following this activity, the insider holds 32,240 shares worth $12,748,052 as of recent close. Wall Street’s most bullish Intercontinental Exchange, Inc. (NYSE:ICE) analysts are predicting the share price to blow past $95 per share during the next 12 months. The current median share price forecast by them is $86.25, suggesting that the stock could increase 9.01% in that time frame. The average price target of $86.19 calls for a nearly 8.94% increase in the stock price.
It had seen a new analyst call from Atlantic Equities, which initiated the stock at Overweight on November 28. Analysts at Berenberg, shed their positive views on November 20 by lowering it fromBuy to Hold. Analysts at Bernstein, made their first call about the stock on April 10, recommending it is Outperform.
When looking at valuations, Intercontinental Exchange, Inc. (ICE) has a pricey P/E of 25.06x as compared to industry average of 22.65x. Moreover, it trades for 20.21 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.69x price/book and 9.29x price/sales. Compared to others, Intercontinental Exchange, Inc. is in a different league with regards to profitability, having net margins of 54.1%. To put some perspective around this, the industry’s average net margin is 42.17%. ICE’s ROE is 15.4%, which is also considerably worse than the industry’s ROE of 18.28%. It’s also very liquid in the near term, with a current ratio of 1. The stock has a debt/capital of 0.46.
Shares of Intercontinental Exchange, Inc. (ICE) have gained 11% since the company’s last earnings report. Over the past 12 fiscal quarters, Intercontinental Exchange, Inc. (NYSE:ICE) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 0 quarters (0%), whereas at 2 occasion EPS met analyst expectations. ICE last reported earnings on October 31, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.85 per share, -86.4% change on the same period last year. That was better than consensus for $0.8. Revenue for the recent quarter stood at $1.2 billion, up 5% on last year and above the $1.19 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.24 billion to $1.32 billion, which should be compared with $1.24 billion generated last year. EPS is seen in a range of $0.84 to $0.95, against the $0.86 reported a year ago.